Three types of Accountants
Standard Accountant, Growth Accountant and Virtual Financial Director (FD).
Which one is right one for your business?
Naylor Accountancy offers all three, so the choice is yours. Many business owners, directors and MDs choose a standard accountant for their business. However, they are missing out on the opportunity to not only minimise their tax but also maximise their profits and grow their business.
Standard Accountant
Most accountants are standard accountants. A standard accountant does your tax, VAT, payroll and accounts.
They will look to reduce your tax bill and may do your bookkeeping.
They will offer limited advice when asked. A standard accountant suits most self-employed individuals as well as new companies and lifestyle businesses.
Growth Accountant
A growth accountant minimises your costs, as well as your tax bill, along with optimising your prices.
They provide regular management accounts. They advise around structuring your business and raising finance.
They spend a couple of hours with you each month. A growth accountant is best suited to smaller companies who are looking to grow.
Virtual FD
Any business with serious growth plans can benefit from a virtual FD who supports with business and financial planning, performance analysis, cash flow management, risk mitigation and business growth support.
There comes a time when a business wants growth and needs an experienced finance expert sitting on their Board and working with them a few days a month.
Picking the Right One for Your Business
Why Choose a Standard Accountant?
A standard accountant is the best option for those who only want to remain compliant and have someone manage their accounts and tax affairs including VAT.
This option is suited to:
- Companies who have been trading for less than 3 years
- Start-ups who don’t need to raise more than £50,000 in finance
- Self-employed individuals with straightforward affairs
- Lifestyle business who are content with their current size
Why Choose a Growth Accountant?
A growth accountant is the best option for established businesses who want to maximise their profits or grow, start-ups looking for finance or individuals who need advice.
This option is suited to:
- Companies over 3 years old who want to maximise their profits
- Start-ups who are looking to raise £50k- £500k in debt or equity finance
- Self-employed individuals who have more complex affairs
- Companies who want growth with a turnover below £500,000
Why Why Choose a Virtual FD?
A virtual FD is the best option for business who want further growth or start-ups/ scale ups who need to raise over £500k. A virtual FD is often a requirement for attracting large investment.
This option is suited to:
- Successful companies who want to be more profitable
- Companies who want to grow and have a current turnover above £500,000
- Tech start-ups looking to raise over £500,000 in investment
- Scale ups who want to raise over £500,000 in debt or equity finance
Brilliant, informative, supportive, proactive and super approachable. Naylor Accountancy have really made running my business easy and efficient, I would happliy recommend them to anyone!
Michelle Price
October 2, 2024Naylor Accountancy have been my accountants for 8 years now. They are supportive and always available when I have queries. A trusted company to help support me and I highly recommend them.
Victoria Waine
July 2, 2024Very efficient and competent service, and always happy to answer any questions I have.
J Wilson
September 2, 2024I recommend Naylor Accountants very highly and without hesitation. I could not have run my business without them. Excellent service and very personable. I trust them explicitly with all my financial affairs. You won’t find better.
Neil Painter
July 2. 2024Have worked with Nikolai, Andy, Leslie and the team for over 5 years - through good years and not so good years. They've always been easy to contact, supportive and knowledgable - sorting through the ever changing HMRC, Companies House, accounting systems and more - at speed and with a smile.
JB Morgan
April 2, 2024Standard, Growth or Virtual FD
Which is right for you?
Send us your details and we'll get back to you quickly with the answer.